United States indices end on a mixed note

E-mini Dow Jones Industrial Average

Shares of Broadcom jumped 3.2 per cent after a Wall Street Journal report that Intel is considering bidding for the chip company, which has undertaken a hostile campaign to buy Qualcomm.

The declines for the Dow comes after a near 2 percent gain for Wall Street on Friday after sluggish wage growth data eased concerns the Federal Reserve might raise interest rates swiftly.

"The market was particularly optimistic that wage growth wasn't too hot for fear of inflationary concerns", said Andre Bakhos, managing director at New Vines Capital LLC in Bernardsville, New Jersey.

A month ago, the markets were gripped by fears of higher wages leading to price pressures, triggering a selloff that dragged the main indexes to correction territory.

However, the S&P and the Dow have almost reclaimed those losses.

"Even as the markets are looking fairly positive in general, especially south of the border, it's really a very narrowly-focused group of technology stocks that are carrying nearly all of the gains".

Low depression intensifies: Cyclone warning along Kerala coast
The BJP had also charged the LDF government with failing to protect its fishermen "despite early warning" about the cyclone. Fishermen have been asked not to venture out in the seas till March 15 due to heavy winds and showers.

The S&P 500 is just 3 percent below record highs hit on January 26 while the Nasdaq is back to a record.

Persistent concern of a global trade war, after President Donald Trump implemented 25% tariff on steel imports and 10% on aluminium imports to the United States, also continued to weigh on investor sentiment.

Early gains for the FTSE 100 quickly petered out and it ended the session down 0.1 per cent, missing out on a rally that lifted European stocks, with Germany's DAX up 0.6 per cent.

Investors will pore over the next round of data on consumer prices and retail sales due this week for signs of rising price pressure. By 13:07 p.m. ET, the S&P 500 was up just 0.02 percent at 2,787.14. Lumentum's shares rose 3.8 percent.

Advancing issues outnumbered declining ones on the NYSE by a 1.22-to-1 ratio; on Nasdaq, a 1.45-to-1 ratio favored advancers.

South Korea rose one per cent while Japan's Nikkei jumped 1.2 per cent, showing little immediate reaction as Prime Minister Shinzo Abe came under renewed fire over suspicions of cronyism involving the sale of state-owned land.

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